La Banca di Credito selects Reech FastVal for valuations

La Banca di Credito Cooperativo

di Roma (BCC di Roma) - with 116 branches and 32 treasury desks, mainly in the Lazio and Aquila regions of Italy, and €6.3 billion under management - has selected SunGard's OTC derivatives valuation service, Reech FastVal, for the valuation of its structured products. According to SunGard, Reech will help BCC di Roma's derivatives users to compute the fair value of portfolios containing virtually any financial instrument, from vanilla cash products to complex

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CME: CFTC OKs clearing move to Google Cloud

The CFTC has given the Chicago-based exchange approval to run its clearing and settlement infrastructure on the Google Cloud Platform, while the exchange and vendor have extended their partnership to last until at least 2037.

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